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Adding Fixed Rate Extensions to a Loan on the Terms Tab

How to Add Extensions to Fixed Rate Loans on the Terms Tab in LMS

Primary Department Supported: Servicing

Super Powers Needed? – YES

Developer Support Needed? - YES


Context:  

Occasionally on Loans in Servicing, a built-in extension on a loan will need to be re-built  

OR an extension was never added, and one is needed. This need comes from previous issues with the SPA loan system not importing the extensions or incorrect information coming over that requires correction 


 

Instructions: 

 LMS Navigation Path 

  1. Go to Loans 
  2. Select the loan and open Loan Details 
  3. Navigate to the Terms Tab 
  4. Enable Super Powers 
  5. Click Edit at the top 
  6. Scroll down and click Add Built-in Amendment 
  7. Enter the required amendment details
  8. Save and Close